Short Interest in First Capital, Inc. (NASDAQ:FCAP) Expands By 8.3%

First Capital, Inc. (NASDAQ:FCAP) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 5,200 shares, a growth of 8.3% from the August 31st total of 4,800 shares. Based on an average trading volume of 2,300 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.2% of the shares of the stock are short sold.

First Capital Price Performance

Shares of NASDAQ:FCAP traded up $0.46 during midday trading on Tuesday, reaching $35.42. The company’s stock had a trading volume of 1,650 shares, compared to its average volume of 2,300. The business’s fifty day simple moving average is $32.31 and its 200-day simple moving average is $30.31. The company has a market capitalization of $118.76 million, a P/E ratio of 9.79 and a beta of 0.63. First Capital has a fifty-two week low of $22.95 and a fifty-two week high of $38.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.68 and a quick ratio of 0.67.

First Capital (NASDAQ:FCAP) last posted its quarterly earnings results on Friday, July 26th. The savings and loans company reported $0.85 earnings per share (EPS) for the quarter. The business had revenue of $10.68 million for the quarter. First Capital had a return on equity of 11.78% and a net margin of 22.04%.

First Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.29 dividend. This is a boost from First Capital’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.16 annualized dividend and a yield of 3.27%. First Capital’s dividend payout ratio (DPR) is currently 32.49%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on First Capital in a research note on Sunday. They issued a “hold” rating for the company.

Insiders Place Their Bets

In related news, Director John Shireman acquired 1,000 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $31.93 per share, for a total transaction of $31,930.00. Following the completion of the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $31,930. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 4.39% of the company’s stock.

Hedge Funds Weigh In On First Capital

An institutional investor recently bought a new position in First Capital stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of First Capital, Inc. (NASDAQ:FCAP) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,123 shares of the savings and loans company’s stock, valued at approximately $34,000. 11.65% of the stock is owned by institutional investors and hedge funds.

First Capital Company Profile

First Capital, Inc operates as the bank holding company for First Harrison Bank that provides various banking services to individuals and business customers. The company offers various deposit instruments, including non-interest-bearing checking accounts, negotiable order of withdrawal accounts, money market accounts, regular savings accounts, certificates of deposit, and retirement savings plans.